Gildan Activewear Inc. (TSE:GIL) Receives Average Rating of "Buy" from Brokerages

Key Points

• Gildan Activewear Inc. has received an average broker rating of "Buy", with three analysts issuing a strong buy rating, while the average price target among analysts is C$73.00.
• The company announced a quarterly dividend of $0.226 per share, representing an annualized dividend of $0.90 and a yield of 1.2%.
• As of now, Gildan's stock is trading at C$76.87 and has a market capitalization of C$11.46 billion, with a P/E ratio of 24.64.

Gildan Activewear Inc. (TSE:GIL - Get Free Report) NYSE: GIL has earned an average rating of "Buy" from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, three have given a buy rating and three have assigned a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$73.00.

Several research analysts recently issued reports on the company. Scotiabank raised Gildan Activewear to a "strong-buy" rating in a research report on Wednesday, May 28th. Cfra Research raised shares of Gildan Activewear to a "hold" rating in a report on Monday, August 4th. National Bankshares increased their target price on shares of Gildan Activewear from C$80.00 to C$85.00 and gave the company an "outperform" rating in a report on Thursday, August 14th. Finally, Royal Bank Of Canada raised shares of Gildan Activewear to a "moderate buy" rating in a research report on Tuesday, August 5th.

Gildan Activewear Price Performance

GIL stock opened at C$76.87 on Friday. The company has a debt-to-equity ratio of 101.26, a quick ratio of 0.87 and a current ratio of 2.31. The business has a 50-day simple moving average of C$72.35 and a two-hundred day simple moving average of C$67.86. The company has a market capitalization of C$11.46 billion, a P/E ratio of 24.64, a price-to-earnings-growth ratio of 4.55 and a beta of 1.27. Gildan Activewear has a 52-week low of C$52.77 and a 52-week high of C$79.61.

Gildan Activewear Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 15th will be paid a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, August 21st. Gildan Activewear's payout ratio is presently 27.63%.

Gildan Activewear Company Profile

Gildan is a vertically integrated designer and manufacturer of basic apparel, including T-shirts, underwear, socks, and hosiery. Its primary market is the sale of blank T-shirts to wholesalers and printers (printwear). Gildan also sells branded clothing through retail and direct-to-consumer channels.

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